Board Meeting Details

The Board Meeting commenced at 03:30 PM (IST) and concluded at 05:50 PM (IST) at the Registered Office of the Company.

Key Decisions Approved

1. Financial Results Approval

  • The Board approved the Standalone Unaudited Financial Results of the Company for the half year ended September 30, 2026.
  • The financial results were reviewed by the Statutory Auditors, Hardik Vora & Associates (FRN: 1), who issued an unmodified limited review report.

2. Preferential Allotment of Equity Shares

  • The Board approved the allotment of 14,57,400 (Fourteen Lakh Fifty Seven Thousand and Four Hundred) Equity Shares of face value ₹10 each.
  • Issue price: ₹228 per share (including a premium of ₹218 per share).
  • Total amount raised: ₹33,22,87,200 (Rupees Thirty Three Crore Twenty Two Lakh Eighty Seven Thousand and Two Hundred).
  • Allotment made to allottees belonging to Promoter Group and Non-Promoter Category.
  • Consideration: Both cash subscription and consideration other than cash (share swap).

Capital Structure Impact

  • Pre-allotment paid-up equity capital: ₹22,33,12,420 consisting of 2,23,31,242 equity shares of ₹10 each.
  • Post-allotment paid-up equity capital: ₹23,78,86,420 consisting of 2,37,88,642 equity shares of ₹10 each.

Acquisition of Subsidiary

  • Consequent to the preferential allotment through share swap, the Company acquired 9,996 Equity Shares of M/s. Wire Brigade Industries Private Limited (WBIPL).
  • This represents 99.96% shareholding of WBIPL.
  • WBIPL will become a Wholly Owned Subsidiary of the Company as per Section 2(87) of the Companies Act, 2013.

Financial Results Highlights (Half Year Ended September 30, 2026)

Income Statement (Amount in Lacs)

  • Revenue from operations: ₹3,113.63
  • Other Income: ₹94.35
  • Total Income: ₹3,123.07
  • Profit before tax: ₹1,700.48
  • Tax expense: ₹425.04 (Current tax: ₹415.00, Deferred tax: ₹10.04)
  • Profit for the period: ₹1,275.43
  • Basic and Diluted EPS: ₹5.71

Comparative Figures

  • Half Year Ended March 31, 2026: Profit ₹1,173.03, EPS ₹6.00
  • Half Year Ended September 30, 2025: Profit ₹928.48, EPS ₹5.52
  • Year Ended March 31, 2026: Profit ₹2,101.51, EPS ₹10.74
  • Year Ended March 31, 2025: Profit ₹1,806.03, EPS ₹10.75

Balance Sheet Position (as of September 30, 2026)

  • Total Equity and Liabilities: ₹30,656.48 Lacs
  • Total Assets: ₹30,656.48 Lacs
  • Shareholders' Funds: ₹21,415.09 Lacs (Share Capital: ₹2,233.12 Lacs, Reserves and Surplus: ₹19,181.97 Lacs)
  • Non-Current Liabilities: ₹2,582.72 Lacs
  • Current Liabilities: ₹6,658.67 Lacs

Cash Flow Statement

  • Net Cash Flow from Operating Activities: (₹3,715.97) Lacs
  • Net Cash Flow from Investing Activities: (₹2,645.10) Lacs
  • Net Cash Flow from Financing Activities: ₹5,242.89 Lacs
  • Net decrease in Cash & Cash Equivalents: (₹1,118.18) Lacs
  • Closing Cash Balance: ₹175.66 Lacs

Preferential Issue Details

Allottees Information (Annexure B)

  • Total allottees: 20
  • Promoter Group: Veritas Industries Private Limited (9,42,600 shares for non-cash consideration/share swap)
  • Non-Promoter Category: 19 allottees (5,14,800 shares for cash consideration)
  • Major non-promoter allottees include Vijit Global Securities Private Limited (45,000 shares), Vijit Growth Fund (44,400 shares), and various individuals/entities

Utilization of Proceeds (₹3,394.02 Lacs)

  • Working Capital Requirements: ₹1,244.02 Lacs
  • Acquisition of Wire Brigade Industries Private Limited Equity: ₹2,149.14 Lacs
  • Acquisition of Wire Brigade Industries Private Limited Equity Shares for Cash: ₹0.86 Lacs

Additional Information

  • The company does not currently apply Indian Accounting Standard (IND-AS).
  • The company has one reportable business segment.
  • The figures for half year ended March 31, 2026 are balancing figures between audited full year and year-to-date figures.
  • Previous years' figures have been re-grouped/re-arranged where necessary.